Want Want China : POLL RESULTS OF ANNUAL GENERAL MEETING HELD ON 18 AUGUST 2020 AND PAYMENT OF FINAL AND SPECIAL DIVIDENDS

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WANT WANT CHINA HOLDINGS LIMITED

中國旺旺控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 0151)

POLL RESULTS OF ANNUAL GENERAL MEETING

HELD ON 18 AUGUST 2020 AND

PAYMENT OF FINAL AND SPECIAL DIVIDENDS

POLL RESULTS OF AGM

At the annual general meeting of Want Want China Holdings Limited (the "Company") held on 18 August 2020 (the "AGM"), a poll was demanded by the chairman of the AGM for voting on all proposed resolutions (the "Proposed Resolutions") as set out in the notice of the AGM dated 16 July 2020 (the "Notice").

The Company is pleased to announce that all Proposed Resolutions were approved by shareholders and the poll results are as follows:

		Number of votes (%)
	Ordinary Resolutions
	For	Against
1.	To consider and approve the audited consolidated	10,822,804,459	6,050
	financial statements and the reports of the directors and	(99.999944%)	(0.000056%)
	the auditor of the Company for the year ended 31 March
	2020.
2.	(a) To declare a final dividend of US2.42 cents per share	10,819,502,141	6,670,368
	for the year ended 31 March 2020.	(99.938387%)	(0.061613%)
	(b) To declare a special dividend of US1.10 cents per	10,819,502,141	6,670,368
	share for the year ended 31 March 2020.	(99.938387%)	(0.061613%)

		Number of votes (%)
	Ordinary Resolutions	For	Against
3.	(a) (i) To re-elect Mr. Tsai Eng-Meng as an executive	10,700,112,787	103,459,722
	director of the Company;	(99.042356%)	(0.957644%)
	(ii) To re-elect Mr. Tsai Wang-Chia as an executive	10,780,509,890	45,662,619
	director of the Company;	(99.578220%)	(0.421780%)
	(iii) To re-elect Mr. Liao Ching-Tsun as a non-	10,607,090,418	219,082,091
	executive director of the Company;	(97.976366%)	(2.023634%)
	(iv) To re-elect Mr. Hsieh Tien-Jen as an independent	10,736,163,250	90,009,259
	non-executive director of the Company;	(99.168596%)	(0.831404%)
	(v) To re-elect Mr. Lee Kwok Ming as an independent	10,749,090,250	77,082,259
	non-executive director of the Company; and	(99.288001%)	(0.711999%)
	(vi) To re-elect Mr. Pan Chih-Chiang as an	10,749,090,250	77,082,259
	independent non-executive director of the	(99.288001%)	(0.711999%)
	Company.
	(b) To authorize the board of directors of the Company to	10,821,410,114	1,167,795
	fix the remuneration of the directors of the Company.	(99.989210%)	(0.010790%)
4.	To re-appoint PricewaterhouseCoopers as the Company's	10,826,016,408	156,101
	auditor and authorize the board of directors of the	(99.998558%)	(0.001442%)
	Company to fix their remuneration.
5.	To grant a general mandate to the directors of the	10,815,867,541	6,710,368
	Company to exercise the powers of the Company to	(99.937997%)	(0.062003%)
	repurchase the shares of the Company in accordance
	with ordinary resolution number 5 as set out in the
	Notice.
6.	To grant a general mandate to the directors of the	9,168,261,162	1,654,316,747
	Company to allot, issue and deal with additional shares	(84.714208%)	(15.285792%)
	of the Company in accordance with ordinary resolution
	number 6 as set out in the Notice.
7.	Conditional upon ordinary resolutions number 5 and 6	9,172,199,647	1,653,972,862
	being passed, to extend the general mandate granted to	(84.722460%)	(15.277540%)
	the directors of the Company to allot, issue and deal with
	additional shares of the Company in accordance with
	ordinary resolution number 7 as set out in the Notice.

As more than 50% of the votes were cast in favour of each of the above Proposed Resolutions, all Proposed Resolutions were duly passed as ordinary resolutions of the Company.

Notes:

1. The Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer for the vote-taking at the AGM.
2. As at the date of the AGM, the number of issued shares of the Company was 12,415,184,135 shares, which was the total number of shares entitling shareholders to attend and vote on all Proposed Resolutions at the AGM.

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1. There were no restrictions on any shareholders to cast votes on any of the Proposed Resolutions at the AGM.
2. No parties have stated their intention in the circular dated 16 July 2020 containing the Notice to vote against or abstain from voting on any Proposed Resolutions at the AGM.

PAYMENT OF FINAL AND SPECIAL DIVIDENDS

In relation to the ordinary resolutions No. 2(a) and 2(b) above, the final dividend of US2.42 cents per share and the special dividend of US1.10 cents per share, totalling US3.52 cents per share will be paid on Wednesday, 9 September 2020 to shareholders whose names appear on the register of members of the Company as at Wednesday, 26 August 2020. In order to qualify for the entitlement to the final and special dividends, all transfers accompanied by the relevant share certificates must be lodged with the Company's Hong Kong branch share registrar and transfer office, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong not later than 4:30 p.m. on Friday, 21 August 2020, for the purpose of effecting the share transfers. The register of members of the Company will be closed from Saturday, 22 August 2020 to Wednesday, 26 August 2020 (both dates inclusive). Shareholders registered under the principal register of members in Cayman Islands will automatically receive their dividends in United States dollars ("US$") while shareholders registered under the Hong Kong branch register of members will automatically receive their dividends in Hong Kong dollars ("HK$"). The HK$ equivalent of the final dividend and special dividend is HK$0.1875 per share and HK$0.0852 per share, respectively, totalling HK$0.2727 per share, which is based on today's exchange rate of US$ against HK$ at US$1.00 to HK$7.748.

By order of the Board

Want Want China Holdings Limited

LAI Hong Yee

Director

Hong Kong, 18 August 2020

As at the date of this announcement, the executive directors of the Company are Mr. TSAI Eng-Meng, Mr. TSAI Shao-Chung, Mr. TSAI Wang-Chia, Mr. HUANG Yung-Sung, Mr. CHU Chi-Wen, Mr. TSAI Ming-Hui and Ms. LAI Hong Yee; the non-executive directors of the Company are Mr. LIAO Ching-Tsun, Mr. MAKI Haruo and Mr. CHENG Wen-Hsien; and the independent non-executive directors of the Company are Mr. TOH David Ka Hock, Dr. PEI Kerwei, Mr. HSIEH Tien-Jen, Mr. LEE Kwok Ming and Mr. PAN Chih-Chiang.

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